Mayor Zohran Mamdani described the deal as a first-of-its-kind national model for economic development in emerging industries. The agreement is intended to make New York a global hub for quantum technology while ensuring that public investments in new research grant working citizens a financial stake and a voice in governance.
Tuesday, October 20, 2026
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NYC Takes 15% Revenue Share in First NYU Quantum Lab Deal
Tech6 days ago
The New York City government will now participate in the operation of a new research facility at NYU after providing funding for the center's tools. Under a governing agreement for the Quantum Fabrication Lab (QFAB), the city will receive 15% of the revenue NYU Central Administration earns from technologies developed at the site and will hold three seats on the facility's Executive Advisory Board to shape its technical priorities.
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